175
175
Dec 17, 2012
12/12
by
CNBC
tv
eye 175
favorite 0
quote 0
what more actions are you talking about? >> the key policy rate for the ecb is likely indeed in the first quarter. they can take dpopt deposit rate negative. by the middle of next year, they'll be doing outright qe. i've been talking about this for ages. they haven't done it so maybe they won't do it. but i'm assuming that the outlook for inflation for the eurozone is -- >> how are they going to get around -- look, i know the bundes bank has a fear of hyper inflation. i just don't -- are they going to get around all the -- because even if they do it on the inflation mandate, are they going to get around the objections about outright money printing? germans would see it as that. >> they would see it as outright money printing. we have done qe. it's not an issue on the legality of it as long as you justify it in the inflation mandate at the zero policy bound. but the question is, you know, how low is inflation in the eurozone going to go? you have core inflation in the eurozone below 1.5%. if you strip away indirect taxes, tha
what more actions are you talking about? >> the key policy rate for the ecb is likely indeed in the first quarter. they can take dpopt deposit rate negative. by the middle of next year, they'll be doing outright qe. i've been talking about this for ages. they haven't done it so maybe they won't do it. but i'm assuming that the outlook for inflation for the eurozone is -- >> how are they going to get around -- look, i know the bundes bank has a fear of hyper inflation. i just don't...
229
229
Dec 10, 2012
12/12
by
CNBC
tv
eye 229
favorite 0
quote 0
about 50% have already taken some action. i think companies right now are waiting to see what's going to happen and it really comes down to two major issues. if we can get this fiscal cliff issue resolved, then we are looking at a pretty optimismic outlook from our members. but if we don't get the fiscal cliff, almost 60% said they'll be looking at cutting jobs and/or layoffs. >> cfos are notoriously less sang win than ceos. it's not particularly surprising that this group is expressing some contingency plans. but on average, they expect the u.s. to add of a million jobs next year. so kind of a divide here between the view that on the other hand things are getting better and on the other hand there's a big uncertainty out there still. >> i think finance people always want to balance the book and ceos tend to be more optimistic than the finance people. i think even the optimists think if we can get beyond the fiscal cliff it will be positive. but we have to get a long-term budget deficit deal done or we'll continue to be in th
about 50% have already taken some action. i think companies right now are waiting to see what's going to happen and it really comes down to two major issues. if we can get this fiscal cliff issue resolved, then we are looking at a pretty optimismic outlook from our members. but if we don't get the fiscal cliff, almost 60% said they'll be looking at cutting jobs and/or layoffs. >> cfos are notoriously less sang win than ceos. it's not particularly surprising that this group is expressing...
220
220
Dec 12, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
china is the key variable within -- for action within the security council. i think we've seen signs from official statements from china that they've changed their line under ping. they've been kealing on north korea bay name -- calling on north korea by name and calling on security council resolutions. a shift from hu jintao. this is the first crisis under ping's watch. it doesn't make him look good. in that sense there's probably more pressure for china to show a demonstration here to north korea that it's not going to give an open leash. >> briefly, what are the implications for south korean politicians? >> i think that's the most interesting variable of all. we're just a week out from the elections in south korea. there will be a new president. and i think conservative forces are likely to gain. not only in south korea but japan, of course. we've got an election there, too, in just a few days' time. the conservative candidate i think is likely to marginally gain but that's all she needs because it's a neck-in-neck race. north korea has probably ensured a
china is the key variable within -- for action within the security council. i think we've seen signs from official statements from china that they've changed their line under ping. they've been kealing on north korea bay name -- calling on north korea by name and calling on security council resolutions. a shift from hu jintao. this is the first crisis under ping's watch. it doesn't make him look good. in that sense there's probably more pressure for china to show a demonstration here to north...
305
305
Dec 11, 2012
12/12
by
CNBC
tv
eye 305
favorite 0
quote 0
and taking industrial action off the table. >> if our actions still been -- by cafe management, then we have no choice but to declare a strike at the time it's needed. >> translator: in the last week, we've already returned to the fau chair lady telling her that we are open for discussion on other subjects, provided the industrial action is taken away. >> and shares of cathay pacific traded lower in hong kong on that news. >>> richard brans yop has offered to pay -- sir richard said it was wishful thinking and totally misguided. mr. welsh has suggested that if a deal goes through, the atlantic brand would be dropped. he said he wasn't a billionaire like branson. perhaps a knee in the groin might have been a better bet. >> i had to read that a couple of times to see if he really said that. he really did. >> he's australian. it's a good one, though, right? if they lose the majority stake to air france and klm covered up between them, is virgin brand still in existence or not usually if a bigger brand pegs on a lower brand, but it seems the smaller peg disappeared. however, if it's a pr
and taking industrial action off the table. >> if our actions still been -- by cafe management, then we have no choice but to declare a strike at the time it's needed. >> translator: in the last week, we've already returned to the fau chair lady telling her that we are open for discussion on other subjects, provided the industrial action is taken away. >> and shares of cathay pacific traded lower in hong kong on that news. >>> richard brans yop has offered to pay --...
175
175
Dec 7, 2012
12/12
by
CNBC
tv
eye 175
favorite 0
quote 0
he said no one's factored in that the buzzard oilfield has been out of action. so we were going to get a sharp drop in industrial output, much worse than expected. and with manufacturing output, as well. so, yes, those numbers are much worse than expected. it is dragging sterling down to 160.127, but it is down to the buzzard oilfield being out of action. the key thing here, giles, is that it will do, though, is probably weigh in on the q4 numbers. doesn't matter why, but that it will impact gd. and we'll be getting headlines of triple dip. >> it's interesting in the chancellor autumn statement, really stressing that a lot of the weakness in the recovery in the uk has been due to the oil and gas sector and indeed to banking. so saying focusing on the rest of the economy. so this is as it were monthly noise, but it emphasizes how volatile that component is. >> look at the industrial numbers for germany, and here we are with a pretty awful southwest industrial numbers for the uk, but of course things aren't what they seem because of the fluctuations in shut downs
he said no one's factored in that the buzzard oilfield has been out of action. so we were going to get a sharp drop in industrial output, much worse than expected. and with manufacturing output, as well. so, yes, those numbers are much worse than expected. it is dragging sterling down to 160.127, but it is down to the buzzard oilfield being out of action. the key thing here, giles, is that it will do, though, is probably weigh in on the q4 numbers. doesn't matter why, but that it will impact...
323
323
Dec 6, 2012
12/12
by
CNBC
tv
eye 323
favorite 0
quote 1
sensex still in action now trading lower by 0.4%. back to you. >> all right. catch you later. apple had its worst day in four years dragging down the nasdaq. different story for the dow. at one point dow was up more than 100 points. the last time the index closed up triple dinlg et gains, the way back in may two 2. joining us for the first part of the program, nick khar. thanks for joining us. xetra dax up 52 week highs. which is sort of interesting in several. >> nokia down 9% over the last five years. and i guess the apple story if you're a bear is a potential nokia story, a story about a company that is dominating its space at the moment, but priced for perfection. so who knows if there is a disappoint coming. but if there is, there's not much margin for error. gr it all depends on whether we'll be buying other products other than apple in five years time. >> it's a very rapidly changing business. the technology field is a rapidly changing group. think of sony at one time. you now there's a recent survey showing that it's had a lower than some of the korean mfers. >> i find
sensex still in action now trading lower by 0.4%. back to you. >> all right. catch you later. apple had its worst day in four years dragging down the nasdaq. different story for the dow. at one point dow was up more than 100 points. the last time the index closed up triple dinlg et gains, the way back in may two 2. joining us for the first part of the program, nick khar. thanks for joining us. xetra dax up 52 week highs. which is sort of interesting in several. >> nokia down 9% over...
151
151
Dec 5, 2012
12/12
by
CNBC
tv
eye 151
favorite 0
quote 0
>> the hollywood films tend to travel very well in asia, especially the action films. movies like "the expendables." you pointed out james bond. "ghost rider" did very well. but it isn't easy. those are two very separate markets. china is, of course, the major player in the asian marketplace. if one can qualify for a co-production, which by the way, the clarity for co-productions is not quite there as yet, but if one can qualify, you get past the quarter system and you're sort of able to go into the marketplace and be treated as a chinese film. and as such, you're able to access extraordinary market. it's been proved that, you know, the hollywood films are now doing extremely well there. but it is tricky to qualify as a co-production into china and it is also tricky to be one of the 34 films that get into china. so it's not all roses, but we need new marketplaces and china is certainly growing as an extraordinary pace. >> yeah, and what's it like trying to finance productions at the moment? >> just globally -- i mean, the marketplace is pretty strong. after 2008, there
>> the hollywood films tend to travel very well in asia, especially the action films. movies like "the expendables." you pointed out james bond. "ghost rider" did very well. but it isn't easy. those are two very separate markets. china is, of course, the major player in the asian marketplace. if one can qualify for a co-production, which by the way, the clarity for co-productions is not quite there as yet, but if one can qualify, you get past the quarter system and...
243
243
Dec 20, 2012
12/12
by
CNBC
tv
eye 243
favorite 0
quote 1
economists such as the nobel laureate paul goodman believe this could be counterproductive because too many action of this type could damage one of the important factors of the u.s. economy. on the other hand, unless there is some limit to the growth of u.s. debt, particularly with respect to debt as related to gdp, this could serve in the end badly if there was no limit to it. after all, the u.s. economy still accounts for about one-third of the global economy. so this cannot continue because the burden of u.s. debt is beginning to be felt in other countries where there is a u.s. dollar, where u.s. dollar is used for various purposes. so the fiscal cliff -- well, what can i say is we certainly don't want to this to be a cliff, we want this to be a bridge, less energy costs sarts in particular of the use of shale gas and energy efficiency and the trend that is emerging in more investment and production. so i think this is up to the federal reserve, the president, the senate to work this out. but i definitely wish them success because this economy still play aes defining role in the global economy.
economists such as the nobel laureate paul goodman believe this could be counterproductive because too many action of this type could damage one of the important factors of the u.s. economy. on the other hand, unless there is some limit to the growth of u.s. debt, particularly with respect to debt as related to gdp, this could serve in the end badly if there was no limit to it. after all, the u.s. economy still accounts for about one-third of the global economy. so this cannot continue because...